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Updated over 4 years ago on . Most recent reply

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Fellow out of state investors

Posted

I'm looking to connect with fellow investors who invest out of state as long term buy and hold in good cash flow markets.  What areas have worked for you?  How do you like the team you work with?  How did you find your team?  What are some lessons you have learned along the way?

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Rachelle Rayner
  • Investor
  • Rye, NY
35
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80
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Rachelle Rayner
  • Investor
  • Rye, NY
Replied

I invest in my state but where I live and invest are 3 hours apart.  

1. Join the local REIA's, the investor communities are pretty tight so you will get referrals and folks who will tell you who the real deal is and who isn't. The thing with REIA's is that they are everywhere so definitely check them out.

2. Real Estate Agent -I had to kiss a few frogs before finding the right "one".  Once you find an agent that knows the area and understand what you are looking to achieve, this becomes a beautiful match.  I made a lot of calls until I found the right agent that was willing to work (and return a phone call).

3. Local Home Depot/Loews -Surprisingly this is a great place to network.  I found my contractor here (who is amazing) which was a referral from a lady who ran the kitchen/bath department at the local home depot. 

A lesson I learned was you don't have to saddle yourself up to the first person you meet.  If you are patient, you'll attract the right people to your team.

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